Compare Account Features

Which type of account on the YourWealth Investment Platform is the right one for you?

Here's a comparison of the features of each account.

Investment Account

Stocks & Shares ISA


Main features
  • No investment limit
  • Withdraw funds at any time
  • Invest up to £15,000 per year
  • Shelter your investments from income tax and capital gains tax
  • Withdraw funds at any time
  • Get up to 45% tax relief on contributions (dependent on personal tax circumstances)
  • Tax-free lump sum up to 25% (remainder taxable as income)
  • Withdraw funds from age 55
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Minimum investment

£1,000 lump sum

or £100/month regular saving

Maximum investment Unlimited £15,000 per tax year

No overall limit

£40,000 is the Annual Allowance in 2014/2015

No overall maximum although there is a Lifetime Allowance on the total value of all your pensions. If the value of all your pensions together exceeds £1.25m you will have to pay a tax charge on the amount above £1.25m

Minimum cash balance1 £100 £100 £100
Minimum age 18 18 18
Maximum age No upper age limit No upper age limit You can contribute up to age 75.

After this you can continue to hold or transfer existing SIPPs but not make further contributions.

Withdraw funds At any time At any time From age 55
Tax benefits None No capital gains tax and no further income tax to pay Basic rate tax relief (20%) is automatically reclaimed for you.

Higher rates of tax relief (up to 45%) can be reclaimed through your tax return.

No capital gains tax and no further income tax to pay while SIPP is invested.

Tax-free lump sum up to 25% can be taken from age 55. Remainder taxable as income.

No. of funds available


*correct at 2014/07/24

No. of shares available

all FTSE 100 and FTSE 250 listed shares

How to pay in

Debit card online

Bank transfer

Can I receive an income?

Yes. If you choose to, you can set up a monthly, quarterly, half-yearly or annual income paid out to your nominated bank account

From age 55 you have various income options including leaving your SIPP invested and setting up monthly, quarterly, half-yearly or annual income as part of an income drawdown arrangement
Can I automatically reinvest dividends?

Yes, it's your choice.

If you are holding Accumulation Units in a fund, dividends are rolled up in the value of the fund.

If you are holding Income Units in a fund, shares, or investment trusts, you can have any dividends added to the cash balance in your investment account or paid out as income to your nominated bank account.

What do I need to open an account?

Debit card or Direct Debit details

Debit card or Direct Debit details

National Insurance Number

Open an Investment Account Open a Stocks & Shares ISA Open a SIPP